World's Largest Bitcoin Exchange Suspends US Dollar Withdrawals

MT. Gox, the world's largest Bitcoin exchange, has suspended users from withdrawing the virtual currency as US dollars for the next two weeks, due to unusually high demand. Mt. Gox has suspended customers from withdrawing Bitcoins as dollars. The Tokyo-based exchange, which handles around 70% of all global Bitcoin transactions and 80% of those in the US, said it has experienced unusually high volumes of deposits and withdrawals recently, which "made it difficult for our bank to process the transactions smoothly and within a timely manner," causing delays for its customers. Customers are able to continue trading in any other currency and Mt. Gox hasn't suspended deposits in US dollars, so users can put cash in, but are unable to convert their Bitcoins into dollars to withdraw it. Must Read: What is Bitcoin and how does it work? The move will doubtless go down badly with cus...